Americans lost hundreds of billions on crypto speculation. Why is only some of it considered gambling?

Americans are on pace to lose more money on legal gambling this year than at any point in the country's history. A new analysis by economics writer Joseph Politano projects that the total will exceed a quarter trillion dollars in 2026. Losses have climbed 67% since the start of COVID-19 and another 8% over the past […] The post Americans lost hundreds of billions on crypto speculation. Why i